Financial Daily from THE HINDU group of publications
Friday, Oct 28, 2005
Financial Daily from THE HINDU group of publications Friday, Oct 28, 2005 |
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Opinion
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Letters Credit Policy
The Reserve Bank of India has increased the reverse repo rate by 0.25 per cent. Will this hike in interest rate push the inflation upwards? The Governor says that it is not likely to hurt investments. The small hike may not also have any significant impact on interest rates for retail consumers of bank loans as well as the corporate sector. Further, the Finance Minister predicts that there is going to be an investment boom in the country in the near future, supported by buoyant growth in credit as well as equity finance. He has termed the 25 bps hike in the repo rate as a measured step towards moderate monetary tightening. V. Venkitasubramanian Kochi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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